CDC Corp. Creditors Ask For Ch. 11 Trustee

Law360, New York (December 6, 2011, 1:53 PM ET) -- Several CDC Corp. creditors and the U.S. trustee sought the appointment of a Chapter 11 trustee in the enterprise software company's Georgia bankruptcy Monday, citing CEO Peter Yip's alleged control of the company's board.

Evolution CDC SPV Ltd., Evolution Master Fund Ltd., Segregated Portfolio M and E1 Fund Ltd. say in a motion for the appointment of a Chapter 11 trustee that Chief Restructuring Officer Marcus A. Watson, who the court has acknowledged may have only a brief tenure in his role, is not an adequate...